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FedEx Stock Falls
FedEx shares tumble over 15% on limp demand, delivery trade-down
By Shivansh Tiwary, Lisa Baertlein (Reuters) -Shares of FedEx slumped over 15% on Friday, the worst in two years, after a dismal first-quarter profit drop due to anemic economic conditions and an ongoing customer shift toward slower,
Why Did FedEx Stock Fall 13%?
FedEx reported revenue of $21.6 billion and adjusted earnings of $3.60 per share, well below our estimates of $22.1 billion, and $4.90, respectively.
Why FedEx Stock Is Falling Today
Those pressures do not appear to be easing. In its fiscal 2025 first quarter, which ended Aug. 31, FedEx earned $3.60 per share on revenue of $21.6 billion, falling short of Wall Street's consensus estimates for earnings of $4.76 per share on sales of $21.9 billion.
FedEx, Q1
FedEx Cuts Full-Year Outlook After Posting Lower Profit, Revenue
FedEx’s results were dragged down by weaker-than-expected demand, particularly in the U.S. domestic package market.
FedEx Corporation Bottom Line Declines In Q1
FedEx Corporation (FDX) revealed a profit for first quarter that decreased from last year The company's bottom line came in at $1.47
FedEx: Fiscal Q1 Earnings Snapshot
The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $4.82 per share. The package delivery company posted revenue of $21.58 billion in the period, which also did not meet Street forecasts.
41m
S&P 500 Gains and Losses Today: FedEx Stock Plunges as Earnings Fail To Deliver
The S&P 500 slipped 0.2% on Friday, Sept. 20, receding from the record high it printed after this week's interest-rate cut by ...
6h
on MSN
FedEx earnings miss could signal a slowing economy
FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this ...
51m
FedEx Corp. stock underperforms Friday when compared to competitors
Shares of FedEx Corp. FDX tumbled 15.23% to $254.64 Friday, on what proved to be an all-around mixed trading session for the ...
2h
on MSN
Stock market today: Wall Street edges back from its records as FedEx slumps
A record-setting week for Wall Street is closing on a quieter note Friday, and U.S. stocks are pulling back from their highs ...
6h
Fedex stock plummets after earnings miss, lower outlook flashes warning on economy
The company also lowered its financial outlook for the fiscal year ahead, projecting earnings per share between $20 and $21 ...
17h
FedEx quarterly profit disappoints as demand for speedy delivery wanes
FedEx reported a lower first-quarter profit on Thursday as demand in the package industry remained muted, especially for ...
6h
FedEx Makes Notable Cross Below Critical Moving Average
In trading on Friday, shares of FedEx crossed below their 200 day moving average of $267.52, changing hands as low as $255.40 ...
9h
on MSN
Economic bellwether FedEx blames poor Q1 on darkening outlook for manufacturers
FedEx cites weaker than expected demand from manufacturers with many ditching priority shipping for cheaper options.
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